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Canara Bank board to consider stock split on February 26Canara Bank on Wednesday said it is planning split of the equity shares of the state-owned bank to boost the stock's liquidity.
PTI
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<div class="paragraphs"><p>A Canara Bank branch in Bengaluru.</p></div>

A Canara Bank branch in Bengaluru.

Credit: DH File Photo

New Delhi: Canara Bank on Wednesday said it is planning split of the equity shares of the state-owned bank to boost the stock's liquidity.

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The decision in this regard will be taken by the bank's Board of Directors in a meeting, which is scheduled on February 26, Canara Bank said in a regulatory filing.

The meeting's agenda is "to seek in principle approval from the board of directors for sub-division/split of the equity shares of the bank, subject to prior approval of Reserve Bank of India (RBI) and other statutory/regulatory/Government of India approvals, as may be required," it said.

Shares of the bank were trading 4.16 per cent higher at Rs 542.95 per unit on the BSE.

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(Published 07 February 2024, 16:28 IST)